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Record recession for UK economy
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10-23-2009 7:23 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0724db1e-bdf2-4359-bba8-fac9f42cf5fe/94250978-79B4-4588-8079-8BC9B4A87657/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://english.aljazeera.net/business/2009/10/20091023121431418545.html" href="http://english.aljazeera.net/business/2009/10/20091023121431418545.html" style="font-size: 11px;">english.aljazeera.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/business/2009/10/20091023121431418545.html">Record recession for UK economy </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/business/2009/10/20091023121431418545.html">Britain's economy contracted unexpectedly in the third quarter of this year, quashing hopes that the downturn was ending and instead marking the country's longest recession since records began in 1955.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/business/2009/10/20091023121431418545.html">Sterling plunged more than a cent against the dollar and government bond futures surged as traders and analysts bet the Bank of England may now have to expand its quantitative easing programme to secure a recovery.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/business/2009/10/20091023121431418545.html"><TD class="PaddingLeft5"></TD><TD valign="top" align="left"><DIV align="left" id="ctl00_divContent"> <TABLE width="100%" cellspacing="0" cellpadding="0" border="0"><TBODY><TR><TD class="DetaildTitle"><SPAN class="parentChannelTitle" id="ctl00_cphBody_ParentChannelTitle"></SPAN><SPAN class="detaildPageTitle2" id="ctl00_cphBody_ChannelTitle">Business</SPAN> </TD></TR><TR><TD height="10"></TD></TR><TR><TD valign="top" class="DetaildTitleGolden"><SPAN id="DetailedTitle"> </SPAN> </TD></TR><TR><TD height="5"></TD></TR><TR><TD valign="top"><TABLE cellspacing="0" cellpadding="0" border="0" align="right" class="dixerit_ignore"><TBODY><TR><TD width="100%" valign="top" align="right"><SPAN class="ImageTable" border="1" width="340px" align="right"> <P> </P><TABLE cellspacing="0" cellpadding="0" border="0"><TBODY><TR><TD><IMG border="0" src="http://english.aljazeera.net/mritems/Images//2009/4/22/200942212303726734_5.jpg" /></TD></TR><TR><TD align="center"><SPAN><STRONG>Britain's finance minister said he still expected growth to return by the turn of the year [EPA]</STRONG></SPAN></TD></TR></TBODY></TABLE></SPAN> </TD></TR></TBODY></TABLE><SPAN id="Htmlphcontrol1" class="DetaildSuammary"> <P></p> <P></p> <SPAN class="formsValidation" id="ctl00_cphBody_lblCountBody1"></SPAN> </SPAN> <SPAN id="Span1" class="DetaildSuammary"> <P>The figures are a blow to the ruling Labour government, trailing in opinion polls and hoping for a recovery to take hold well before an election due by next June.</P></SPAN></TD></TR></TBODY></TABLE></DIV></TD></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://english.aljazeera.net/business/2009/10/20091023121431418545.html">Alistair Darling, Britain's finance minister, said he still believed the economy would return to growth by the end of the year, reiterating a forecast made in the budget in April.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/94250978-79B4-4588-8079-8BC9B4A87657/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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